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The minimum penalty for speeding is currently a fine of £100 with three penalty points being added to your license, and the maximum fine is currently £1,000, or £2,500 for motorway offences.

The new laws are being implemented after claims that the previous guidelines did not take into account how an increase in speed above the limit also increases the potential harm that could be inflicted upon individuals.

The Sentencing Council said that, with the introduction of these new laws, they aim to ensure that there is a "clear increase in penalty as the seriousness of offending increases."

The breakdown recovery firm RAC welcomed the changes. Speaking to the Birmingham Mail , spokesman Pete Williams said that "Anyone who breaks the limit excessively is a danger to every other road user and is unnecessarily putting lives at risk.

"Hopefully, hitting these offenders harder in the pocket will make them think twice before doing it again in the future."

For more information on how these changes will affect you, visit the Sentencing Council's website.